Filing Alert: DAMIS Holdings Chapter 11

DAMIS Holdings LLC and its debtor affiliates⁽¹⁾, a Trumbull, CT-based owner and operator of summer camps, filed for Chapter 11 protection on Jun. 4 in the U.S. Bankruptcy Court for the District of New Jersey.

The company reports $100 million to $500 million in assets and $500 million to $1 billion in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-16439.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.

Chapter 11 Debtors

Key Parties

Counsel:

• Michael D. Sirota
  Cole Schotz P.C.
  Email: msirota@coleschotz.com

Financial Advisor / CRO:

• B. Riley Securities, Inc. (Perry M. Mandarino)

Claims Agent:

• Kroll Restructuring Administration LLC

Equity Security Holders:

• Michael Shabsels – 50% Equity Interest
• David Shabsels – 50% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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